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Silicon Valley's Tech Employees Are Getting Nervous (vanityfair.com)
An anonymous reader quotes an article on Vanity Fair: Private tech companies are feeling a contraction in Silicon Valley. The funding that venture capitalists have thrown at start-ups is dwindling, in small seed rounds and mega-rounds alike. There's a new postmortem written weekly about a start-up that's run out of cash and shut its doors. Start-up executives are sobering up, realizing that their companies actually need a path to profitability. Now, not wanting to be stuck on a sinking ship, tech employees are thinking about the bubble, too, as they plan their career moves.
its just that they were so smug and self important about it
I am sorry to disappoint you, but I live and work in the valley, and I have seen no signs of the contraction described in TFA. My smugness has not diminished.